Is There Such a Thing as a Skyscraper Curse

Boyle, Elizabeth; Engelhardt, Lucas; Thornton, Mark

doi:10.2139/ssrn.2680338

Cited by 1 publication

(1 citation statement)

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“…Barr et al (2015) use time-series analysis and detect that skyscrapers building do not Granger-predict, but are Granger-predicted by the economic cycle. Boyle et al (2015) point out that this is precisely the Austrian definition of "skyscraper curse", while the question about causality remains open. Loffler (2013) also uses time-series, but he finds that skyscraper development predicts stock exchange fluctuations, a seemingly better variable to represent over liquidity.…”

Section: Business Cyclementioning

confidence: 99%

Skyscrapers in Santiago: 300 meters of globalization agenda

Garza

2017

JPIF

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Purpose The purpose of this paper is to assess alternative economic explanations of buildings’ height in Latin America and Chile, inductively producing a theory about skyscrapers’ height in emerging countries. In the quest for height, global exposure as advertising guides developers located in emerging economies, while ego-building for investors. Design/methodology/approach This paper uses mixed methods triangulation (MMT). Findings with small sample econometrics for 38 cities from 13 different countries are re-interpreted by linguistically analyzing 11 semi-structured interviews with local experts in Santiago. Findings Globalization is the main determinant of skyscrapers height in the Latin American region, its interaction with the need to portray management and technical skills of developer firms, determines a process toward over-construction. Research limitations/implications Because of small sample bias, the quantitative results are not fully reliable, but this is precisely why it makes sense to use MMT. Practical implications Santiago offers a valuable case study because, on the one hand, Chile was the first Latin American country to undertake neoliberal type reforms, as early as 1973. On the other, the tallest Latin American skyscraper is to be completed in this city by 2015. The theory developed, derived from the evidence and the perceptions, has a Global South reach and can open-up an empirical research agenda. Originality/value This paper innovates in real estate research by using MMT, not just to confirm quantitative findings, but as an inductive theory building tool. It also analyses Latin America, a region with scarce presence in the literature.

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Section: Business Cyclementioning

confidence: 99%

Skyscrapers in Santiago: 300 meters of globalization agenda

Garza

2017

JPIF

View full text Add to dashboard Cite

show abstract

Is There Such a Thing as a Skyscraper Curse

Cited by 1 publication

References 13 publications

Skyscrapers in Santiago: 300 meters of globalization agenda

Skyscrapers in Santiago: 300 meters of globalization agenda

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